Thursday, October 17, 2024
Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens- oil and gas 360

Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens

(Investing) – HOUSTON -Oil prices tumbled more than 4% to a near two-week low on Tuesday due to a weaker demand outlook and after a media report said Israel would not strike Iranian nuclear and oil sites, easing fears of a supply disruption. Brent crude futures settled down $3.21, or 4.14%, at $74.25 a barrel. West Texas Intermediate futures finished down $3.25,

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